España Pmi Compuesto

The HCOB Spain Composite PMI came in at 53.5 in August 2024, little changed from 53.4 in the prior month to signal the ninth consecutive month of expansion, and at a modest pace. Growth continued to be primarily driven by the services sector (PMI at 54.6 vs 53.9), which contrasted with a slowdown in manufacturing activity (PMI at 50.5 vs 51). Private sector new order volumes kept rising robustly, and jobs continued to be added across the board, led by services. On the price front, input price inflation slowed to its lowest level in 13 months, while output price inflation remained solid and largely unchanged. Finally, confidence declined to its lowest level since the end of last year.